War and the Market Economy

War has influenced economic history profoundly across time and space. Winners of wars have shaped economic institutions and trade patterns. Wars have influenced technological developments. Above all, recurring war has drained wealth, disrupted markets, and depressed economic growth. The role of war in the world economy is complex, yet pervasive. The shadow of war lies across economic history, influencing its pace and direction, and war continues to both shape economic developments and respond to them. The market economy involves peaceful cooperation. The division of labor cannot function effectively amidst a war. Warfare among primitive tribes did not suffer this drawback because the warring parties had not been engaged in trade before the hostilities. Thus they engaged in total war. Modern wars are won with matériel. Capitalist countries defeat their socialist rivals because private entrepreneurs are more efficient in churning out products, whether consumer goods during peacetime or weapons for their governments. Even so, ultimately war and the market economy are incompatible, as the market relies on peaceful cooperation. This concise and legible book will provide key text to all students, teachers and researchers.

author detailsThe author is an Independent researcher on subjects related to Geopolitics

Preface , 1. Introduction, 2. Transcript of Command and Market Economies: The Cold War, 3. Economics and the Civil War, 4. Economy in the Market Revolution, 5. First World War and the Economy, 6. Post–World War II and Economic Expansion , 7. Markets in the Post-Cold War Era, 8. Trade War between America and China, 9. Transition to a Market Economy and War, 10. The War Economy in the Syrian Conflict, Bibliography, Index